Analysis: Russia and China in WTO - a world apart
(Reuters) - Russia's 19-year wait to enter the World Trade Organisation is finally over. Unfortunately, the kind of export and investment miracle enjoyed by fellow-BRIC China after it joined the club is likely to remain well out of its reach.
China too waited 15 years on the WTO's doorstep. But for Beijing, joining in 2001 set the stage for a decade that quintupled its exports and propelled its economy from sixth place globally to the world's second biggest.
Russia's commodity-based economy is less well placed to enjoy that kind of spurt. And with trade and investment flows both scarcer than a decade ago, it will struggle to attract investments on a similar scale to its Far East neighbour.
http://uk.reuters.com/article/2012/08/22/uk-trade-russia-idUKBRE87L03V20120822